229,973 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 229,973 shares of the real estate investment trust's stock, valued at approximately $23,995,000. Raymond James Financial Inc. owned 0.38% of Ryman Hospitality Properties as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in shares of Ryman Hospitality Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock valued at $1,723,000 after buying an additional 132 shares during the period. M&T Bank Corp boosted its stake in shares of Ryman Hospitality Properties by 15.7% during the 4th quarter. M&T Bank Corp now owns 6,573 shares of the real estate investment trust's stock valued at $686,000 after buying an additional 892 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Ryman Hospitality Properties by 87.3% during the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after acquiring an additional 255,229 shares in the last quarter. Keybank National Association OH acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $329,000. Finally, Nicola Wealth Management LTD. bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $1,075,000. Institutional investors and hedge funds own 94.48% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have commented on RHP shares. JPMorgan Chase & Co. restated an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial reiterated a "buy" rating and issued a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and an average price target of $125.67.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Up 0.7 %

NYSE:RHP traded up $0.62 on Wednesday, reaching $95.78. The company's stock had a trading volume of 1,272,327 shares, compared to its average volume of 622,659. The business's 50-day moving average price is $101.28 and its two-hundred day moving average price is $106.49. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1-year low of $93.17 and a 1-year high of $121.77. The firm has a market cap of $5.74 billion, a PE ratio of 21.82, a PEG ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.80%. Ryman Hospitality Properties's payout ratio is 104.78%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.